BAKU, Azerbaijan, January 27. The Asian Development Bank (ADB) has officially started operations in Türkiye, the Turkish Ministry of Treasury and Finance said in a statement, Trend reports.
The decision to begin operations in Türkiye will allow both the public and private sectors to benefit from long-term and affordable financial opportunities in key sectors such as infrastructure, environment, education, finance, and energy.
Having been a member since 1991, Türkiye's status with the ADB changed in December 2024, when the ADB Board of Governors voted to transition the country from "non-regional member" status to "regional member" status.
A delegation of ADB officials recently visited Türkiye to meet with representatives from both the public and private sectors to discuss the bank’s activities and future plans in the country. The delegation presented an overview of the ADB's forthcoming work program for Türkiye.
The ADB's total authorized capital stands at $142.7 billion, with paid-in capital of $7.1 billion. Türkiye's share in the bank’s capital amounts to $480.7 million.
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